Atlantic City Managers In Talks to Hire Restructuring Lawyers

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Josh Dawsey and Matt Jarzemsky An emergency manager tapped by New Jersey Gov. Chris Christie to study Atlantic City's deteriorating finances is preparing to interview restructuring lawyers, marking the latest step by authorities to tackle the city's woes. Hiring ...

Oil Futures Rangebound as Markets Assess Supply Levels

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Eric Yep Crude-oil futures moved in a narrow price range in Asian trade Tuesday with investors closely tracking oil production levels in the U.S. and the Organization of the Petroleum Exporting Countries. On the New York Mercantile Exchange, light, ...

Asian Shares: Hong Kong Stocks Rebound -- Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Chao Deng Stocks in Hong Kong rebounded Tuesday from their largest tumble of the year, while Australian shares inched higher after the country's central bank governor paved the way for a further rate cut. The Hang Seng Index was ...

China Resources Enterprise to Sell Non-Beer Assets

TODAY: April 21, 2015 PUB DATE: April 21, 2015

HONG KONG--Beverage and retail conglomerate China Resources Enterprise Ltd. (0291.HK) said Tuesday it will sell its non-beer business to its state-owned parent for HK$28 billion (US$3.6 billion). The Hong Kong-listed company said it will sell the non-beer business--with total assets ...

Twitter's Anthony Noto Had Top Pay of $73 Million Last Year

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Scott Austin Anthony Noto, the former banker who left his lucrative career at Goldman Sachs Group Inc. to become financial chief at Twitter Inc., was the top earner at the social media company last year. Mr. Noto had compensation ...

Asian Shares: Hong Kong Stocks Rebound -- 2nd Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Chao Deng Stocks in Hong Kong rebounded Tuesday from their largest tumble of the year, while Australian shares inched higher amid expectations that the country's central bank could cut interest rates as soon as next month. The Hang Seng ...

Wells Fargo Eyes GE Commercial Lender -- 2d Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Ted Mann, Emily Glazer and Dana Mattioli Wells Fargo & Co. is in talks to buy all or part of General Electric Co.'s biggest lending operation, a move that could help the San Francisco bank extend its lead in ...

Hong Kong Stocks Rebound

TODAY: April 21, 2015 PUB DATE: April 21, 2015

Stocks in Hong Kong rebounded Tuesday from their largest tumble of the year, while Australian shares inched higher after the country's central bank governor paved the way for a further rate cut. The Hang Seng Index was up 1.6%, recovering ...

Australia RBA Signals Readiness for More Rate Cuts

TODAY: April 21, 2015 PUB DATE: April 21, 2015

SYDNEY--Australia's central bank signals further interest rates cuts may be needed to help rebalance an economy that is struggling to grow following the end of a decade-long mining boom. "Further easing of policy may be appropriate over the period ahead ...

Publicis Posts 32% Jump in First-Quarter Sales

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Ruth Bender PARIS-- Publicis Groupe SA Tuesday reported a 32% jump in first-quarter sales, boosted by the strong dollar and its latest digital acquisition as the advertising company works toward a recovery after a tough past year. Publicis said ...

Dollar Posts Mild Gains Against Yen on Rise in Stocks

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Hiroyuki Kachi The dollar staged a moderate increase against the yen in Asia trade Tuesday, with gains in major stock markets encouraging selling of the perceived safety of the Japanese currency. Around 0450 GMT, the dollar was at Y119.42, ...

China Resources Enterprise to Sell Non-Beer Assets to Parent Company

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Chester Yung HONG KONG--Beverage and retail conglomerate China Resources Enterprise Ltd. (0291.HK) said Tuesday it will sell its non-beer business to its state-owned parent for HK$28 billion (US$3.6 billion). The Hong Kong-listed company said it will sell the non-beer ...

China Resources Sells Assets to Brew Success for Snow Beer -- Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Ned Levin And Chester Yung HONG KONG--Hong Kong-listed China Resources Enterprise Ltd. said Tuesday it is slimming down its holdings, including a loss-making tie-up with British supermarket Tesco PLC, so it can focus on its top-selling Chinese beer brand. ...

Zions Bancorp's Profit Edges Lower -- Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Josh Beckerman And Julie Steinberg Zions Bancorp. said its earnings edged down in the most recent quarter as a key measure of lending profitability declined and the bank strengthened its reserves to cushion against potential weakness in its portfolio ...

U.S. Airlines Claim to Document Subsidies at Gulf Rivals

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Susan Carey And Rory Jones As the battle intensifies over U.S. airlines' allegations of unfair state subsidies to three Persian Gulf rivals, a look at how the American carriers gathered data to support their claims sheds light on the ...

China Cuts Banks' Reserve Ratio

TODAY: April 21, 2015 PUB DATE: April 20, 2015

BEIJING--China's central bank is considering taking a page from Europe's financial-crisis handbook to free up more credit as growth in the world's second-largest economy slows. The proposed strategy would allow Chinese banks to swap local-government bailout bonds for cash as ...

ECB's Draghi Rejects Talk of Greek Exit

TODAY: April 21, 2015 PUB DATE: April 20, 2015

WASHINGTON--European Central Bank President Mario Draghi on Saturday rejected speculation that Greece may be forced to abandon the euro, reiterating that Europe's single currency is irrevocable. At a news conference during meetings here of the world's top finance officials Mr. ...

Raytheon Sets Up Big Cyber Venture

TODAY: April 21, 2015 PUB DATE: April 20, 2015

(FROM THE WALL STREET JOURNAL 4/20/15) By Doug Cameron Raytheon Co. is betting it can leverage the cybersecurity skills it honed for the U.S. military and intelligence agencies to sell to banks and retailers, investing almost $1.7 billion to establish ...